Form 4: First United Corp SVP & CFO Tonya K. Sturm Reports Stock Transactions

Tonya K. Sturm, SVP & CFO of First United Corp, reports acquisition of 327 shares and disposal of 125 shares of common stock on March 10, 2025.

Summary

• On March 10, 2025, Tonya K. Sturm, the SVP & CFO of First United Corp, acquired 327 shares of common stock.
• These shares were issued from time-vesting restricted stock units granted on March 9, 2022.
• Also on March 10, 2025, Ms. Sturm disposed of 125 shares of common stock at a price of $32.41.
• These shares were surrendered to cover tax withholding obligations related to the vesting of the restricted stock units.
• Following these transactions, Ms. Sturm directly owns 10,366.4042 shares of common stock and indirectly owns 5.3872 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions are related to standard compensation practices (vesting and tax obligations) and do not necessarily indicate a positive or negative outlook on the company's performance.

Positives

• The acquisition of shares through vesting restricted stock units indicates a form of compensation and alignment with the company's long-term performance.

Negatives

• The disposal of shares to cover tax obligations, while common, reduces the executive's holdings in the company.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their potential sentiment towards the company's stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates